Marketplace Morning Report for Wednesday, September 2, 2009

Episode Description 
Marketplace Morning Report for Wednesday, September 2, 2009

Smaller job cuts still disappointing

Employment service company ADP reported today that private employers cut 298,000 jobs last month. But even though that's a smaller drop than normal, but analysts were expecting better. Steve Chiotakis talks to Richard DeKaser of Woodley Park Research.
Posted In: Wall Street

A quick way for UBS clients to fess up

Swiss bank UBS agreed to a legal settlement to reveal the identities of about 4,500 clients. And a new link on the bank's Web site allows American clients to voluntarily share their secret account information with the IRS. Mitchell Hartman reports.
Posted In: Internet

Keep your home out of the line of fire

The LA forest fires may be more under control, but they're still a real danger to homeowners. Bill Radke talks to LA Times business columnist David Lazarus about the importance of preparing your home for a natural disaster.
Posted In: Housing

BP weighs profits of deep sea oil

BP announced a giant discovery deep in the Gulf of Mexico. But determining the value of the oil will be tricky because it lies under more than 4,000 feet of water and another 35,000 feet under the ocean floor. Sam Eaton reports.
Posted In: Mexico, Oil

Is China's recovery for real?

Chinese stocks have been wildly volatile as investors ask whether China's economy is really recovering. Scott Tong explores the question from different angles and highlights some positive data.
Posted In: Wall Street

MBA wants Fannie, Freddie to go small

The Mortgage Bankers Association is calling on Congress to break up Fannie Mae and Freddie Mac into several smaller, privately held companies. Sam Eaton explores the heated debate over the future of the lenders.

Bailout bank CEO salaries very healthy

Banks that pay off their bailout debt aren't bound by government-imposed salary caps. And one new study shows top officers of some bailed-out banks are being paid pretty well. John Dimsdale reports.
Posted In: Jobs

Athens is latest financial attack target

A car bomb went off in a van parked outside the Athens stock exchange before trading was set to open today. European correspondent Stephen Beard tells Steve Chiotakis this is just the latest in a string of attacks on financial targets.

Milwaukee has holes to fill downtown

Midwest cities have been hard hit by the downturn of the commercial real estate market -- especially Milwaukee, where one-fifth of the offices downtown are empty. Erin Toner explores what is now a renter's market.
Posted In: Housing

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